SBA Loan from Cass Commercial Bank Helps Packaging Machinery Manufacturing Company

An SBA loan from Cass Commercial Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Fenton, Missouri business owner got a $300,000 loan.

This business received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Cass Commercial Bank, out of Bridgeton, Missouri. The loan was granted and they received $300,000 to help grow their Fenton, Missouri business.

SBA Loan Borrower

COMPANY TYPE: PACKAGING MACHINERY MANUFACTURING
FENTON, MO 63026

SBA Loan Lender

CASS COMMERCIAL BANK
13001 HOLLENBERG DR
BRIDGETON, MO 63044

This SBA small business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

333993 - Packaging Machinery Manufacturing

Loan Approval Date

5/6/2004

Loan Approval Gross Amount

$300,000

Loan Approval from the SBA

Of the total $300,000 loan amount, the SBA guaranteed $270,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 24 employees. The SBA loan documents did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $300,000 loan. Remember, feel the fear, and do it anyway.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

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